Dumps to dizzy heights! Stocks, treasuries defy doom to soar

The global economy appeared to slip into an abyss in 2008-09 as markets collapsed and banks teetered on the edge of insolvency. A decade later, the financial crisis is only a distant memory as economies and asset classes stage a remarkable rebound due to central bank pump-priming, fiscal stimulus in some countries and inherent resilience of certain economies. The figures below tell the story better. Despite the steep plunge in 2008-09, key asset classes are now much higher when compared to their 2007 highs. Commodities are the exception as the world renews its love affair with stocks!